Waxes; Artificial, Prepared Price in Sweden - 2023
Contents:
- Waxes; Artificial, Prepared Price in Sweden (CIF) - 2023
- Waxes; Artificial, Prepared Price in Sweden (FOB) - 2023
- Waxes; Artificial, Prepared Imports in Sweden
- Waxes; Artificial, Prepared Exports in Sweden
Waxes; Artificial, Prepared Price in Sweden (CIF) - 2023
In July 2023, the average waxes; artificial, prepared import price amounted to $5,470 per ton, rising by 9.7% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.4%. The pace of growth appeared the most rapid in April 2023 an increase of 17% against the previous month. The import price peaked in July 2023.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was the United States ($8,989 per ton), while the price for Denmark ($3,662 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Waxes; Artificial, Prepared Price in Sweden (FOB) - 2023
In July 2023, the average waxes; artificial, prepared export price amounted to $8,450 per ton, increasing by 12% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +3.0%. The pace of growth appeared the most rapid in October 2022 an increase of 31% m-o-m. Over the period under review, the average export prices attained the maximum at $9,275 per ton in December 2022; however, from January 2023 to July 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was Norway ($16,762 per ton), while the average price for exports to Germany ($6,959 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.
Waxes; Artificial, Prepared Imports in Sweden
In 2022, the amount of waxes; artificial, prepared imported into Sweden rose remarkably to 12K tons, with an increase of 6.6% on 2021 figures. Overall, imports, however, showed a mild downturn. The pace of growth was the most pronounced in 2021 with an increase of 11% against the previous year.
In value terms, waxes; artificial, prepared imports soared to $56M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +10.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.4% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Waxes; Artificial, Prepared in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 11.6 | 9.5 | 19.7 | 30.7 | 38.3% |
| Germany | 5.6 | 5.7 | 8.3 | 8.8 | 16.3% |
| United Kingdom | 2.9 | 2.0 | 3.7 | 4.7 | 17.5% |
| Denmark | 5.4 | 2.1 | 3.2 | 4.1 | -8.8% |
| Malaysia | 0.7 | 0.8 | 0.4 | 1.7 | 34.4% |
| Finland | 6.3 | 7.5 | 2.2 | 1.4 | -39.4% |
| Netherlands | 4.1 | 0.9 | 1.0 | 1.2 | -33.6% |
| Others | 4.9 | 3.6 | 4.0 | 3.9 | -7.3% |
| Total | 41.5 | 32.1 | 42.5 | 56.4 | 10.8% |
Top Suppliers of Waxes; Artificial, Prepared to Sweden in 2022:
- China (6.1K tons)
- Germany (1.7K tons)
- Denmark (1.3K tons)
- Malaysia (0.8K tons)
- United Kingdom (0.7K tons)
- Finland (0.3K tons)
- Netherlands (0.2K tons)
Waxes; Artificial, Prepared Exports in Sweden
For the third consecutive year, Sweden recorded decline in overseas shipments of waxes; artificial, prepared, which decreased by -15.2% to 1.2K tons in 2022. Over the period under review, exports faced a abrupt setback. The smallest decline of -9% was in 2020.
In value terms, waxes; artificial, prepared exports rose slightly to $9.1M in 2022. Overall, exports saw a abrupt slump.
| Export of Waxes; Artificial, Prepared in Sweden (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3,013 | 2,329 | 1,400 | 1,492 | -20.9% |
| China | 910 | 1,594 | 795 | 1,410 | 15.7% |
| Norway | 1,027 | 1,023 | 1,308 | 1,294 | 8.0% |
| South Korea | 678 | 701 | 839 | 918 | 10.6% |
| Finland | 2,026 | 1,093 | 1,233 | 803 | -26.5% |
| Denmark | 599 | 732 | 675 | 763 | 8.4% |
| Japan | 440 | 373 | 405 | 572 | 9.1% |
| India | 269 | 227 | 232 | 363 | 10.5% |
| Germany | 447 | 489 | 291 | 343 | -8.4% |
| Brazil | 259 | 167 | 138 | 191 | -9.7% |
| Luxembourg | 23.7 | 44.1 | 164 | 180 | 96.6% |
| Italy | 755 | 783 | 299 | 110 | -47.4% |
| Austria | 339 | 230 | 195 | 0.5 | -88.6% |
| Others | 1,345 | 1,381 | 787 | 685 | -20.1% |
| Total | 12,130 | 11,166 | 8,762 | 9,126 | -9.0% |
Top Export Markets for Waxes; Artificial, Prepared from Sweden in 2022:
- United States (214.6 tons)
- China (180.5 tons)
- Finland (136.8 tons)
- Norway (115.8 tons)
- South Korea (108.3 tons)
- Denmark (101.0 tons)
- Japan (74.9 tons)
- Germany (70.8 tons)
- India (54.0 tons)
- Luxembourg (39.2 tons)
- Brazil (28.5 tons)
- Italy (11.1 tons)
- Austria (0.2 tons)
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